Bahrain-based Seera Investment Bank has reported a net income before provisions of $73.4 million, thanks to the bank’s recent exit from one of its major investments last year.
Announcing the results on Tuesday, the Sharia-compliant bank said its net profit for the year stood at $61.4 million with a return on equity of around 20 per cent. This compares to a net profit of $7.2 million for 2010………………………………………..Full Article: Source